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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: AC Flyer who wrote (14131)1/28/2002 5:38:36 PM
From: Wyätt Gwyön  Read Replies (1) of 74559
 
Here's what Stephen Roach at Morgan Stanley has to say:


that piece was not even written by Roach. it was written by Berner. besides, it's not really like the RE market needs to crash. it has been booming and keeping the economy from toppling over. there is little upside for an incremental pickup which would contribute to the economy, although there is potential downside if the boom pace slackens.
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